Property profile

0 Inster Rd Farmington Hills, MI 48033

OFF-MARKET
Land
7.52 ac lot
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Property summary

AI-generated overview

This exceptional 7.52-acre vacant land parcel presents a unique investment opportunity in Southfield, Michigan. Located on the east side of Inkster Road, between 10 Mile and 11 Mile Roads, this property boasts a highly desirable west-side location. Currently zoned R-E (Single Family Residential), the land offers potential for rezoning to accommodate various development projects, including residential communities or a large estate. The property's convenient location provides easy access to major amenities and destinations within a 10-15 minute drive. Ordinance requirements permit a 50-foot natural features perimeter, with options for site condominiums and detached cluster developments, allowing for flexible design and development. The APN is 24-19-351-004. The asking price is $699,900. This substantial land holding represents a rare chance to acquire a prime piece of real estate in a thriving area. The possibilities are endless for this versatile property. Consider the potential for a school, church, or community building, subject to necessary approvals and zoning changes. This private trust-owned land is ready for its next chapter.

Property profile

Verified
Property type Land
Lot 7.52 ac (327,571 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Inster Rd Farmington Hills, MI 48033
Farmington Hills metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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